EverSource Wealth Advisors LLC Acquires 1,425 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

EverSource Wealth Advisors LLC increased its holdings in Digital Realty Trust, Inc. (NYSE:DLR) by 115.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,656 shares of the real estate investment trust’s stock after purchasing an additional 1,425 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Digital Realty Trust were worth $471,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Private Advisor Group LLC increased its position in shares of Digital Realty Trust by 4.1% during the fourth quarter. Private Advisor Group LLC now owns 13,533 shares of the real estate investment trust’s stock worth $2,400,000 after purchasing an additional 527 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Digital Realty Trust by 17.7% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 66,374 shares of the real estate investment trust’s stock worth $11,768,000 after purchasing an additional 9,959 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of Digital Realty Trust by 26.4% during the fourth quarter. Capital Investment Advisors LLC now owns 54,599 shares of the real estate investment trust’s stock worth $9,682,000 after purchasing an additional 11,405 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Digital Realty Trust by 6.4% during the third quarter. Rockefeller Capital Management L.P. now owns 381,001 shares of the real estate investment trust’s stock worth $61,643,000 after purchasing an additional 23,028 shares in the last quarter. Finally, Leavell Investment Management Inc. increased its position in shares of Digital Realty Trust by 74.1% during the fourth quarter. Leavell Investment Management Inc. now owns 18,283 shares of the real estate investment trust’s stock worth $3,262,000 after purchasing an additional 7,781 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Digital Realty Trust Trading Up 1.7 %

Shares of Digital Realty Trust stock opened at $148.41 on Friday. The firm has a 50-day simple moving average of $165.62 and a two-hundred day simple moving average of $169.77. The company has a market cap of $49.96 billion, a P/E ratio of 91.61, a price-to-earnings-growth ratio of 4.38 and a beta of 0.65. Digital Realty Trust, Inc. has a fifty-two week low of $135.54 and a fifty-two week high of $198.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.61 and a current ratio of 2.07.

Digital Realty Trust (NYSE:DLR) last issued its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $1.46. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. As a group, equities analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 3.29%. Digital Realty Trust’s dividend payout ratio (DPR) is presently 301.23%.

Wall Street Analyst Weigh In

DLR has been the topic of a number of recent analyst reports. Barclays upped their price target on Digital Realty Trust from $135.00 to $142.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Wells Fargo & Company dropped their price objective on shares of Digital Realty Trust from $210.00 to $185.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Citizens Jmp raised shares of Digital Realty Trust to a “strong-buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on shares of Digital Realty Trust from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Truist Financial dropped their price objective on shares of Digital Realty Trust from $201.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Digital Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $180.11.

Digital Realty Trust Company Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.